Bitcoin is ready for another big run

١٣ ديسمبر ٢٠٢١

Bitcoin is consolidating in a range here $47,500-50,000 and will be ready soon. The support at $47,500 is strong. You can actually see a cup base building out here. This is the bottom and I see a big reversal coming. If it breaks above the 20 day at $53,000 you better move out of its way.

Downside risk at 40k, if we drop down to 40k then get ready for a head and shoulders formation. I’ll give an update on how to trade that when it happens.

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